Word: unpleasanter
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Even for healthier banks, there's an unpleasant picture. In the fourth quarter of 2008, the nation's banks as a group lost $26.2 billion, compared with profits of $575 million for the fourth quarter of 2007. And though nearly half of the losses were concentrated in four big banks...
Countless experiments over the ensuing decades have confirmed that most of us make this so-called anchoring mistake - that is, making a decision based largely on an unrelated piece of information, like a random number that appears on a wheel. Anchoring occurs all the time, like when you're asked...
But what if Wall Street's pay practices helped cause the mess we're in, and what if they don't correct themselves? The bonuses granted by Merrill and other money-losing firms seem to indicate an unwillingness to adapt to changed circumstances. Yet government attempts to dictate compensation at...
JW: It's been difficult on both sides for us to reconcile our visions of what the show's about. But it has absolutely been a collaboration. My experience with Firefly was very unpleasant. [FOX canceled it, infamously, after 11 episodes.] This experience was very different. It was never ugly...
Karzai, through a spokesman, has refused to comment on his association with Dostum. Nevertheless, he may see buying Dostum's loyalty as a worthwhile investment. A presidential election is scheduled for the fall, and waning support from Afghans and the international community alike means that Karzai is far from guaranteed...